Analyst Ratings for Consolidated Edison Inc. (ED)

Updated: 2017-07-28

Analysts covering Consolidated Edison Inc. (NYSE:ED) have given it a consensus rating of Underweight. ED had previously received a consensus rating of Underweight a month ago.

A buy rating was issued by 0 analysts, 0 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 6 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 2.

A number of analysts gave price targets for ED. The most optimistic analyst gave a price target of 83.5, implying potential capital gains of 1.36 percent. The minimum price target given was 65, implying potential capital losses of -21.1 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.69 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.81 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.37 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.12 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of ED's earnings is estimated by analysts to be -6.27 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ED is -3.03.

ED has traded between a high of 85.13 and a low of 68.76 over the past year. Currently the stock is 19.81 percent higher than its low, and below the high by 3.23 percent. ED has a price/earnings ratio of 19. Investors typically compare the P/E ratio to a company's peers in the industry. The ED value stock report compares ED to some of its peers using value stock charts. The stock has a market capitalization of $25.13 billion. ED is estimated to release their earnings results for the quarter on 0000-00-00, days from today.